Financial news

• Business leaders join call for second vote on Brexit

  03-11-2018 22:09
  More than 50 signatories warn of economic damage of ‘destructive’ exit from EU More than 50 business leaders have signed a letter advocating a second vote on Brexit. The letter warns of the economic damage being wrought by “either a blindfold or a destructive Brexit”.It says the current plans being discussed by London and Brussels will fail to bring “frictionless” trade. Continue reading...
  
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• Universal Credit MAPPED: Which areas will get universal credit? Will YOU be affected?

  03-11-2018 12:30 via feedproxy.google.com
  UNIVERSAL Credit is the new benefit system being rolled out by the Government, however the system is being staggered throughout the country, so which areas are getting universal credit?
  
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• What’s the best way to block up our chimney during cold weather?

  03-11-2018 10:27 via theguardian.com
  I’ve seen plastic balloons, umbrellas and chimney ‘sheep’ ... or we could use an old pillowEvery week a Guardian Money reader submits a question, and it’s up to you to help him or her out – a selection of the best answers will appear in next Saturday’s paper.What’s the best way to block up our chimney during cold weather? We like to use the fire every now and then, but most of the time all the warm air escapes up it. I’ve seen sites offering remova
  
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• Why does Norwegian Airlines get so many complaints?

  03-11-2018 10:18 via theguardian.com
  It is currently the most complained-about airline among UK passengers, with many furious at delaysAfter 11 hours of waiting at Gatwick airport for a Norwegian flight to the US that was repeatedly delayed and then cancelled, Cherry Griffiths freely admits she “lost it” and started screaming.Her family, who have two young children, had been waiting all day for their flight to Chicago. Then they were told to go back through security to retrieve their luggage, and that they would have to
  
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• Budget tax on landlords could cost them £13,000

  03-11-2018 10:17 via theguardian.com
  Changes could mean shock for owners who have rented out homes when they come to sellThousands of “accidental landlords” could be clobbered with much higher tax bills when they come to sell their properties as a result of measures in the budget.Based on the government’s own scenario, someone selling a property they once lived in – but then rented out for a while – could typically end up more than £13,000 worse off than under the current rules. Continue reading.
  
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• Why can’t the Treasury be honest and say what the budget really means to you? | Patrick Collinson

  03-11-2018 08:00 via theguardian.com
  We need a straightforward breakdown of how new tax rates will affect the publicAlmost every year the most-read story on the Guardian website on budget day is “What it means to you”. Readers want to see a quick ready-reckoner on what the tax changes mean for their pay, plus the main points that might have some impact on their life.So every budget day, us hacks and accountants across the country spend a feverish few hours trying to put together instant at-a-glance tax calculators and t
  
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• Too lazy to switch energy provider? This could be the answer

  03-11-2018 08:00 via theguardian.com
  New providers promise to automatically get you on the best deals as they become availableA rash of companies are offering to switch your electricity and gas suppliers automatically in what experts are hailing as the next phase of energy switching.October saw the arrival of two “flipping” services: a small startup called Migrate and the first from a major price comparison site, GoCompare’s Weflip. Continue reading...
  
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• 'I earn £70,000, but don’t live a lavish lifestyle and give much of it away'

  03-11-2018 08:00 via theguardian.com
  Nigel Farnall on how he helps the community, including the Theatre Royal Stratford EastName: Nigel Farnall
  Age: 44
  Income: About £70,000
  Occupation: LandscapingAs my partner and I don’t have any children and we don’t lead an extravagant lifestyle, I try to be generous with both my time and money. I give £1,500 a year to the Theatre Royal Stratford East and I paid about £2,000 to name seats after myself, my partner and my two nieces. I know many of the theatre’
  
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• Cryptocurrency will DEFY Brexit earthquakes and provide HUGE boost to UK, say experts

  03-11-2018 08:00 via feedproxy.google.com
  CRYPTOCURRENCY markets will defy the earthquakes predicted from Brexit by providing a huge boost to the UK’s financial landscape, experts have sensationally predicted.
  
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• Are you caught in the 60% tax trap?

  03-11-2018 08:00 via theguardian.com
  Budget changes will hit those earning between £50,000 and £60,000 with childrenThis week’s budget promised an income tax giveaway next year worth nearly £3bn, as the chancellor raised thresholds for paying tax, while keeping the standard tax rates at 20%, 40% and 45% in England and Wales. Yet there are about 1 million people who face an effective 60% tax rate on their income, and after the budget, the problem, for some, got a bit worse.The kinks in the tax system mean tha
  
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